<p>在过去三个月中，Tower Semiconductor (NASDAQ:TSEM) 的股价下跌了 32%，这使得人们很容易忽视它。然而，从长远来看，股票价格通常受公司财务状况的驱动，而在这种情况下，财务状况看起来相当不错。特别是，今天我们将关注 Tower Semiconductor 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是股东需要考虑的重要因素，因为它告诉他们资本再投资的有效性。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>股本回报率可以通过以下公式计算：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，Tower Semiconductor 的 ROE 为：</p>
<p>7.8% = 2.07 亿美元 ÷ 26 亿美元（基于截至 2024 年 12 月的过去十二个月）。</p>
<p>“回报” 是指过去十二个月的税后收益。这意味着每 1 美元的股东权益，公司产生了 0.08 美元的利润。</p>
<p>查看我们对 Tower Semiconductor 的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。根据公司再投资或 “保留” 这些利润的程度，以及其有效性，我们能够评估公司的盈利增长潜力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率通常高于不具备这些特征的公司。</p>
<h2>Tower Semiconductor 的盈利增长与 7.8% ROE</h2>
<p>乍一看，Tower Semiconductor 的 ROE 并不算突出。我们将公司的 ROE 与更广泛的行业进行了比较，发现其 ROE 低于行业平均水平 12%，对此感到失望。尽管如此，Tower Semiconductor 在过去五年中净收入显著增长，增长率达 34%。我们认为这里可能还有其他因素在起作用。例如，公司的管理层可能做出了一些良好的战略决策，或者公司有较低的派息比率。</p>
<p>然后我们将 Tower Semiconductor 的净收入增长与行业进行了比较，欣喜地看到公司的增长数字高于行业，在同一五年期间，行业的增长率为 13%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/331231-past-earnings-growth-1-dark/1744290202823?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/331231-past-earnings-growth-1-dark/1744290202823"/></p>
<p>NasdaqGS:TSEM 过去的盈利增长 2025 年 4 月 10 日</p>
<p>盈利增长是评估股票时需要考虑的重要指标。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。这有助于他们判断股票的未来是光明还是黯淡。如果你想了解 Tower Semiconductor 的估值，请查看其市盈率与行业的比较。</p>
<h2>Tower Semiconductor 是否有效利用其留存收益？</h2>
<p>Tower Semiconductor 不向股东支付任何定期股息，这意味着公司将所有利润再投资于业务。这可能是推动上述高盈利增长数字的原因。</p>
<h2>结论</h2>
<p>总体来看，Tower Semiconductor 的业务确实有一些积极的方面。尽管其回报率较低，但公司将很大一部分利润再投资于业务，无疑促进了其高盈利增长。尽管如此，最新的分析师预测显示，公司未来的盈利增长预计将放缓。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们分析师的公司预测页面。</p>
<p>如果你想交易 Tower Semiconductor，请在专业人士信任的最低成本平台 Interactive Brokers 开设账户。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，以及低至 0.03% 的外汇转换率，远远优于大多数经纪商提供的服务。</p>
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Tower半导体

<p>Tower 半导体的股票在三个月内下跌了 32%，但其基本面依然强劲，特别是其 7.8% 的股本回报率（ROE）。虽然这个 ROE 低于行业平均水平的 12%，但公司在过去五年中实现了 34% 的净收入增长，超过了行业 13% 的增长率。Tower 将其利润再投资，促进了其盈利增长，尽管分析师预测未来盈利增长将放缓。投资者在评估该股票的潜力时应考虑这些因素</p>

<p>With its stock down 32% over the past three months, it is easy to disregard Tower Semiconductor (NASDAQ:TSEM). However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Tower Semiconductor's ROE today.</p>
<div class="lb-trans"><p>在过去三个月中，Tower Semiconductor (NASDAQ:TSEM) 的股价下跌了 32%，这使得人们很容易忽视它。然而，从长远来看，股票价格通常受公司财务状况的驱动，而在这种情况下，财务状况看起来相当不错。特别是，今天我们将关注 Tower Semiconductor 的股本回报率（ROE）。</p>
</div><p>Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</p>
<div class="lb-trans"><p>股本回报率（ROE）是股东需要考虑的重要因素，因为它告诉他们资本再投资的有效性。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><h2>How To Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回报率可以通过以下公式计算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for Tower Semiconductor is:</p>
<div class="lb-trans"><p>因此，根据上述公式，Tower Semiconductor 的 ROE 为：</p>
</div><p>7.8% = US$207m ÷ US$2.6b (Based on the trailing twelve months to December 2024).</p>
<div class="lb-trans"><p>7.8% = 2.07 亿美元 ÷ 26 亿美元（基于截至 2024 年 12 月的过去十二个月）。</p>
</div><p>The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.</p>
<div class="lb-trans"><p>“回报” 是指过去十二个月的税后收益。这意味着每 1 美元的股东权益，公司产生了 0.08 美元的利润。</p>
</div><p>View our latest analysis for Tower Semiconductor</p>
<div class="lb-trans"><p>查看我们对 Tower Semiconductor 的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与盈利增长有什么关系？</h2>
</div><p>Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or &#34;retains&#34;, and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。根据公司再投资或 “保留” 这些利润的程度，以及其有效性，我们能够评估公司的盈利增长潜力。一般来说，其他条件相同，具有高股本回报率和利润保留的公司，其增长率通常高于不具备这些特征的公司。</p>
</div><h2>Tower Semiconductor's Earnings Growth And 7.8% ROE</h2>
<div class="lb-trans"><h2>Tower Semiconductor 的盈利增长与 7.8% ROE</h2>
</div><p>On the face of it, Tower Semiconductor's ROE is not much to talk about. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. In spite of this, Tower Semiconductor was able to grow its net income considerably, at a rate of 34% in the last five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.</p>
<div class="lb-trans"><p>乍一看，Tower Semiconductor 的 ROE 并不算突出。我们将公司的 ROE 与更广泛的行业进行了比较，发现其 ROE 低于行业平均水平 12%，对此感到失望。尽管如此，Tower Semiconductor 在过去五年中净收入显著增长，增长率达 34%。我们认为这里可能还有其他因素在起作用。例如，公司的管理层可能做出了一些良好的战略决策，或者公司有较低的派息比率。</p>
</div><p>We then compared Tower Semiconductor's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 13% in the same 5-year period.</p>
<div class="lb-trans"><p>然后我们将 Tower Semiconductor 的净收入增长与行业进行了比较，欣喜地看到公司的增长数字高于行业，在同一五年期间，行业的增长率为 13%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/331231-past-earnings-growth-1-dark/1744290202823" alt="" original-src="https://images.simplywall.st/asset/chart/331231-past-earnings-growth-1-dark/1744290202823"/></p>
<p>NasdaqGS:TSEM Past Earnings Growth April 10th 2025</p>
<div class="lb-trans"><p>NasdaqGS:TSEM 过去的盈利增长 2025 年 4 月 10 日</p>
</div><p>Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Tower Semiconductor's's valuation, check out this gauge of its price-to-earnings ratio , as compared to its industry.</p>
<div class="lb-trans"><p>盈利增长是评估股票时需要考虑的重要指标。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。这有助于他们判断股票的未来是光明还是黯淡。如果你想了解 Tower Semiconductor 的估值，请查看其市盈率与行业的比较。</p>
</div><h2>Is Tower Semiconductor Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>Tower Semiconductor 是否有效利用其留存收益？</h2>
</div><p>Tower Semiconductor doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.</p>
<div class="lb-trans"><p>Tower Semiconductor 不向股东支付任何定期股息，这意味着公司将所有利润再投资于业务。这可能是推动上述高盈利增长数字的原因。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>In total, it does look like Tower Semiconductor has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.</p>
<div class="lb-trans"><p>总体来看，Tower Semiconductor 的业务确实有一些积极的方面。尽管其回报率较低，但公司将很大一部分利润再投资于业务，无疑促进了其高盈利增长。尽管如此，最新的分析师预测显示，公司未来的盈利增长预计将放缓。这些分析师的预期是基于行业的广泛预期，还是基于公司的基本面？点击这里查看我们分析师的公司预测页面。</p>
</div><p>If you're looking to trade Tower Semiconductor, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你想交易 Tower Semiconductor，请在专业人士信任的最低成本平台 Interactive Brokers 开设账户。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
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鉴于 Tower Semiconductor Ltd. (NASDAQ:TSEM) 股票近期的疲软，其基本面是否足够好以值得买入？